MULLEN GROUP LTD (MTL.CA) Stock Technical Analysis
TSX:MTL - CA6252841045 - Common Stock
13.77 CAD
-0.07 (-0.51%)
We assign a technical rating of 4 out of 10 to MTL. MTL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, MTL is a bad performer in the overall market: 80% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month MTL has a been trading in the 12.98 - 13.93 range, which is quite wide. It is currently trading near the high of this range.
MTL is an average performer in the Ground Transportation industry, it outperforms 60% of 6 stocks in the same industry.
MTL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MTL is lagging the market.
MTL has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 14.07. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for MTL in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.97
15.92
3 important support areas can be observed.
- A support zone ranging from 13.61 to 13.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.28 to 13.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 12.09 to 12.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.07 to 14.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 15.58 to 15.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for MTL.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MTL.CA is up. |
| ChartMill Relative Strength | 20.74 | NEGATIVE | MTL.CA has a low relative strength, it was outperformed by 79.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MTL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MTL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MTL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.98 | NEUTRAL | The RSI value for MTL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MTL.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.86 | NEUTRAL | The Stochastics value for MTL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for MTL.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.17 | NEGATIVE | The low ADX value for MTL.CA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX:MTL (8/29/2025, 7:00:00 PM)
13.77
-0.07 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-0.51%
1 Week-0.94%
2 Weeks1.4%
1 Month4.56%
3 Month-1.36%
6 Month4.64%
12 Month-3.44%
2 Year-3.71%
3 Year-2.06%
5 Year40.65%
10 Year-27.94%
15 Year-0.72%
Volatility
ATR(14)0.18
ATR(20)%1.3%
ATR Inc-24.76%
Range Today0.14
ADR(20)0.17
ADR(20)%1.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.74
Mansfield-1.07
10 Day High13.93
10 Day Low13.57
20 Day High13.93
20 Day Low12.98
52 Week High16.06
52 Week Low11.81
CS1 End13.76
CR1 Start14.07
Volume & EV
DER(3)4.44%
DER(5)1.74%
Volume201.56K
Volume Incr-34.59%
Vol(5)159.54K
Vol(50)227.37K